Book Review Of Rich Dad Poor Dad Philosophy Essay

Book Review Of Rich Dad Poor Dad Philosophy Essay Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! Nobody wants to be poor. Everyone wants to be rich. However, no matter how high people reach or how hard people work, still many of us struggle financially, have insufficient funds to meet our expenses, are unprepared for retirement and simply are not able to attain all our wants. And there are only but a few â€Å"lucky ones† who end up being successful, money-wise. And the solutions that we normally come up with are to look for higher paying jobs, get a second or even a third job, acquire more assets and maybe hope to win the lottery. In this book, the author presents that our thoughts and actions have great impact on our lives. Our way of thinking, choices and decisions lead us to become either rich or poor. By presenting two contrasting mentalities, we get to not just accept one but to ponder on both and choose for ourselves how we will live our lives. The centra l and most important point presented here is in order for us to prevent money struggle, as early as we can, we should already be thinking, reflecting and directing our thoughts toward becoming rich. We should teach and use our minds to harness the power of money. This book is a wake up call to all of us to educate ourselves on money matters. Financial education is not being taught in school. We first learn it at home. And since most of us are not financially literate and the advice that we give are from past generations that do not really meet the changes of the present times, we end up teaching the young ones how to become like what most of us already are. A poor man can only teach much and mostly those teachings are what they have applied for themselves, thus continuing the cycle of money struggle. It is alarming to note that a lot of people are on their path to becoming poor each day and only a handful become mindful of their future and the future of nations and the rest of the w orld. I think finishing this book is not the point where we start applying this knowledge. Teaching our children but not changing our ways might just be not so beneficial, and so I suggest that upon learning this new perspective on money, one should realign his thinking, choices and decisions in order to fully reap the bounties. Some of the advice presented in this book are quite scary and risky but they do challenge us to exercise our minds and stretch our thoughts. It was also surprising how Robert Kiyosaki began this book. He was downright challenging the traditional ways of sending our children to school, motivating them to get grades and finish their studies and influencing them to find a good job by telling us that this could be their path to becoming poor. Further, he clearly chose the Rich Dad for his role model, someone who did not even finish the eighth grade.